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FEDERAL statistical RESERVE release For immediate release December 27, 1961 g ^2 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY All "but four categories of commercial and industrial loans increased at weekly reporting member banks during the week ended December 20, which reflected quarterly tax date needs. The principal net increases were $166 million in loans to transportation, The larger offsetting net decreases were $26 million in loans to the retail trade and $21 million to manufacturers of machinery. Changes in loans during the week and since mid-year are shown below; the third column shows the changes during the comparable period last year. Cumulative since mid-year June 28, 1961 June 29, 19^0 Week ended . to , to Dec. 2CE/ D e c ^ O ^ J S t i S / Dec. 21, I960 (In millions of dollars) Business of Borrower Durable goods manufacturing: Primary metals Machinery Transportation equipment Other fabricated metal products Other durable goods + 11) - 21) + 37) + 4) Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods +131 - 8 + 5) + 25) 1/-U03 1/-619 1/-108 l/ ri.a. +591 -223 +631 -201 1/-174 1/- 1 - 11 If- 68 l/ n.a. Mining, including crude petroleum and natural gas + 17 1/+281 1/- 45 Trade: + 32 +443 +174) +494 + 10 - 26 +102) +166 +252 5 + 52 + 27 + 33 + 61 +427 +345 Net change in classified loans Unclassified changes - net +439 + 52 +],# 2/-390 3/^316 Net change in commercial and industrial loans +491 +954 2/+507 Commodity dealers Other wholesale Retail Transportation, communication, and other public utilities Construction All other types of business, mainly services p/ Preliminary? n,a + +158 +823 - Not available. and other nondurable are from September 20, 1961. 2/ Includes decrease of $135 million resulting from corrections of misclassifications , disclosed incident to the revisions as of September 27, 19°1» 3/ Revised to eliminate adjustments in series since July 8, 1959, for mergers of nonbanks with reporting banks. reporting H.12(a) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, DECEMBER 20, l$6l San FranMinne- Kansas St. Phila- Cleve- RichNew All DisChicago Louis apolis City Dallas cisco 2/ Atlanta Boston Business of Borrower mond land delphia York tricts $/ (In millions of dollars) Durable goods manufacturing: Not - #1 + 3-1 - .1 + .6 + 3*0 + 11. 4 - •! + 3-9 Primary metals * 2 .2 + .8 + 1.9 .1 - .8 - 2.4 + 3-0 - 3.1 - 20.8 -4.2 - 15.5 Machinery - .8 + .1 + 3'%- - .3 + .7 +13.3 + .1 + 1.7 Transportation equipment + 37 *3 -1.0 + 20.1 + .2 .4 + 1.8 .2 + .1 + .2 - .4 + 3*4 - 3.1 -2.4 + 4.5 Other fabricated metal products + 3-7 + 2.0 -3 + .3 -5 - 3-2 - .7 + .7 - -5 + .2 — .2 + 2.6 Other durable goods Nondurable goods manufacturing: Food, liquor, and tobacco Textiles, apparel, and leather Petroleum refining Chemicals and rubber Other nondurable goods +130.8 +2.6 + 71-8 - 7.7 -1.3 - 12.6 + 2.6 + 4.9 + 25.1 - .6 + 11.9 — 10 • 6 - *2 - 5.9 Mining, including crude petroleum and natural gas + 17.1 —— + 13.6 + 31.9 + 10.4 - 26.0 +1.6 + 12.3 +1.4 + 18.3 -1,1 -19.7 Transportation, communication, and other public utilities +166.2 +1.3 Construction + All other types of business, mainly services + 60.8 -5.3 + 27.7 Net change in classified loansl/ +439.4 Unclassified changes - net Net change in commercial and industrial loans Trade: Commodity dealers Other wholesale Retail + -7 + 9-5 + 1.2 + 2.4 - 1-9 + .3 + 4.5 — 1.0 + .8 + .1 •3 — 1.0 + 9.3 + .2 + .6 + .2 + .5 + .1 + + .9 +1.8 + .2 + .8 + .1 - -5 + -9 - .6 + 5-7 + 1.8 + .6 - 1.4 •9 - 3.5 + 3-2 +1.8 -1-9 +27.4 + 6.3 - 1.2 + 5-5 - 1.8 + .1 + 6.1 - .1 + .1 + 6.2 + .4 + 1.2 - 2.8 — 1.2 - 2.0 + 2.0 2.4 + 3.8 + .3 .8 -— + 4.0 - .4 + 1.4 +3.1 + .2 +1.2 -1.4 + .1 +1-3 •7 - .6 : 3 :' -3.2 + .7 + 6.2 + 6.0 + .7 + .1 +4.9 +5.5 .9 — 2.0 + .3 + 1-7 + 3.4 - .4 + 1.2 -1.8 -5.2 + 2.7 + 3.7 + 2.0 + +21.5 - *2 + 1.8 - .4 +6.5 -7.3 +266.3 +10.6 +53.9 +11.0 +13.1 +58.2 +11.4 +15.3 +2.8 +4.1 + 51.6 + .3 + 23.7 + - .1 +14.8 + 3.6 + 2.7 -1.8 - .1 +491.0 -7.0 +290.0 +11.0 +13.O +73-0 +15.0 +18.0 +1.0 +4.0 +126.1 +2.2 + 4.7 4.4 + 1.4 +13.3 + •9 + 9.0 .4 +20.0 +53-0 .8 avail- able p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District figures appear in a release of the Reserve Bank. 1/ About 200 weekly reporting member "banks are reporting changes in their larger loans as to industry; these hanks hold about 95 per cent of total commercial and industrial loans of all weekly reporting member banks and about 70 per cent of those of all commercial banks. * Lk - A , * * > t 1 * *1 k * 4 A A # * k > I * < A I * f J * 4 A T
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